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Tom Kloza, global head of energy analysis with the Oil Price Information Service, believes oil prices are approaching a top, with U.S. crude oil at $74.38 and Brent crude, the international ...
Indexes fell Thursday on rising risks to oil supplies amid escalating Middle East tensions and as traders braced for Friday's labor market update.
Oil may get another run as liquid gold. Crude futures surged 9% last week — its biggest weekly gain since March 2023 — driven by escalating tensions in the Middle East.Israel’s vow to ...
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared. Prices for ...
MEES (Middle East Economic Survey) is a weekly newsletter published by Middle East Petroleum and Economic Publications Ltd. Founded in Beirut Lebanon in 1957 by Fuad W. Itayim, Middle East Economic Survey provides comprehensive source of news and analysis of energy, financial, economic and political developments in the Middle East and North Africa countries.
In 2009 the largest share of oil production was in the Middle East (24 million barrels daily, or 31 per cent of global production). According to Transparency International based on BP data regionally the largest share of proved oil reserves is in the Middle East (754 billion barrels, constituting 51 per cent of global reserves including oil sands and 57 per cent excluding them).
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Oil snapped a five-day winning streak on Tuesday as the recent rally stemming from the Middle East conflict took a pause and China signaled no additional big stimulus. West Texas Intermediate ( CL ...